Home > Career > Question
Need Expert Advice?Our Gurus Can Help
R P

R P Yadav  | Answer  |Ask -

HR, Workspace Expert - Answered on Feb 23, 2024

R P Yadav is the founder, chairman and managing director of Genius Consultants Limited, a 30-year-old human resources solutions company.
Over the years, he has been the recipient of numerous awards including the Lifetime Achievement Award from World HR Congress and HR Person Of The Year from Public Relations Council of India.
... more
Asked by Anonymous - Dec 13, 2023Hindi
Listen
Career

Presently I work as Asst VP in formulation R&D and my CTC is 72 lakhs. I have a total of 21 years experience post Ph.D degree. How does my salary compare to pharma industry standards? Is it in line with the industry trend or higher than average or lower?

Ans: Determining whether your salary is in line with industry standards can be influenced by various factors, including your role, responsibilities, the company's size, location, and overall market conditions. However, your current salary of 72 lakhs as an Assistant Vice President in Formulation R&D with 21 years of experience post-Ph.D. seems competitive and well above average for the pharmaceutical industry.

To get a more accurate benchmark, you might consider:

Industry Reports: Explore industry reports and salary surveys specific to the pharmaceutical sector. Organizations like Aon, Mercer, or local industry associations may publish such reports.

Networking: Connect with professionals in similar roles through industry events, LinkedIn, or professional organizations. Discussing compensation trends can provide valuable insights.

Consulting with HR: Speak with your company's HR department to understand how your compensation aligns with the company's salary structure and industry standards.

Job Portals: Check job portals for similar positions in your region to see the salary ranges offered by other companies for comparable roles.

Geographical Considerations: Keep in mind that salaries can vary significantly based on geographical locations. A salary that is competitive in one region may be considered high or low in another.

Market Demand: Assess the demand for professionals in your role. If there is a high demand for individuals with your skill set and experience, it could contribute to a higher salary.

Ultimately, while salary is an important factor, it's also crucial to consider other aspects of your compensation package, such as benefits, bonuses, and opportunities for career growth. If you feel satisfied with your overall package, including non-monetary benefits, and your compensation aligns with your responsibilities and the industry standards, then it's likely that your salary is competitive. If you have specific concerns, discussing them with your HR department or seeking advice from industry professionals can provide more tailored insights.
Career

You may like to see similar questions and answers below

Latest Questions
Dr Dipankar

Dr Dipankar Dutta  |974 Answers  |Ask -

Tech Careers and Skill Development Expert - Answered on Mar 17, 2025

Anu

Anu Krishna  |1557 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 17, 2025

Listen
Relationship
My age is 25 years and my boyfriend age is 29 years. I have boyfriend and we are dating for around 2 years, we are thinking about marriage. My family members love him and his family members love me. But the situation is like this that, my elder sister is getting divorce so it will take time atleast 4 years. But we can't wait for 4 years because my boyfriend is from gujarat. So in Gujarat, families dont wait for long but in my case my boyfriend and his family members waited for 2 years. Because my family members are saying when my elder sister will get married then after my marriage will come. and my family members are brain washing me and my boyfriend saying that first elder sister should get married if it takes times 6 years still u have to wait. My family members are pressurizing me alot. Infact I discuss and my boyfriend discuss with my family members about the situation but my family is not understanding and they are just pressurizing me alot and making my life hell. Even my elder sister is saying to me that my colleagues are not getting married why u have to get married soon. But my point is that I m not kid I m 25 years old and because of her I m suffering alot because if she cant get married I cant get married this wrong. And because of taht me and boyfriend are arguing alot in this. Like If i waited for my elder sister divorce plus her marriage it will take around 4 years. But I dont think so this is right because of my elder sister I m facing issues and thats wrong. Because i dont know whether after divorce she will get married or not. So because of her I m suffering alot. And the divorce procedure will take 4 - 6 years. Because we dont know that how much time will it take for my elder sisters divorce because she is not doing normal one she has cased a file against jiju so thats why it huge procedure. So that's why we think that we will do court marriage in next month. We both have a support from his family members. His family members are saying that do court marriage without knowing any ones relatives and once your family agrees within this year then its fine but if not then you come here next year and we will do marriage for both of you. So this is right?
Ans: Dear Anonymous,
You need to make a decision for yourself after looking at all the pros and cons. How are you going to be able to handle your parents once you make the decision to go ahead with the marriage?
Also, on your part, you are right in asking, how long do you need to wait?
Before making a decision, always think far ahead as to how your environment will react and how you are going to handle all of it.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

...Read more

Anu

Anu Krishna  |1557 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 17, 2025

Asked by Anonymous - Mar 09, 2025Hindi
Listen
Relationship
Hi Mam, My parents are not agreeing for the marriage with my boyfriend cause it's an interfaith relation. I tried convincing them but they keep on saying foul words to me, saying that they would kill themselves if I don't leave him. I had seen my family from childhood and I don't want to be in a similar situation as they are, my mother had a relationship with someone else after marriage, my sister is not the biological child of my father, I am aware of all those but I haven't blamed them for that cause I felt if that's what is making them happy let them be, I haven't even confronted them. Now they say all the good stuff that me and your father were very great to each other you should learn those things and all. I am struck in a situation now. I have a job and my boyfriend also has one, could you please suggest.
Ans: Dear Anonymous,
Judging your parents and their choices is not going to anyway help you in your context. So, why even go there?
Instead focus on your situation and how you can make things happen for yourself.
- Are you financially independent and will you be able to manage the discomfort that will emerge once you choose to be on your own?
- Will your boyfriend support your decision and will he stand by you when you go against your family?
- What does his side of the family have to say about all of this?
If you notice the questions above, none of them are set to 'convince' your family. It is almost impossible to convince someone who does not want to be convinced. These questions will give you an idea and enable to handle your situation by stepping up for yourself.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x